Edison International beat Wall Street estimates for first-quarter profit on Tuesday, as the utility benefited from lower operating and interest expenses and higher rates for its services. Lower interest rates reduce borrowing costs for power companies, which usually need more …
The first trial to determine if Edison International’s Southern California utility is liable for damages from the Woolsey wildfire that tore through Malibu last year will begin on April 27, a judge said. California Superior Court Judge William Highberger set …
The warning couldn’t have been clearer. As PG&E Corp. plunged into bankruptcy last month, S&P Global Ratings slashed credit grades almost to junk status for California’s two other big electric utilities, owned by Sempra Energy and Edison International, and said …
It was California’s biggest fire yet. In late July and August, wildfires devastated an area north of San Francisco far bigger than New York City, destroying more than 100 homes and injuring two fire fighters. It’s just one in a …
California Governor Jerry Brown issued a plan this week to help the state’s embattled utilities facing liabilities from wildfires. For PG&E Corp., it’s not good enough. “It’s insufficient,” PG&E Chief Executive Officer Geisha Williams said on the company’s second-quarter earnings …
Utility giants PG&E Corp. and Edison International could gain at least some protection against future wildfire damages under a bill that’s advancing in California’s legislature. An amended bill being weighed by California’s Senate would shield utilities that follow approved safety …
Once again, thousands are fleeing a wildfire in California. And, once again, the worry on Wall Street is that a major electric utility might end up on the hook for the damages. Shares of Edison International plunged the most in …
The operator of the defunct San Onofre nuclear power plant in Southern California announced that it reached a $400 million insurance settlement covering power outages caused by failed equipment, most of which will go to customers. The deal between Southern …
Edison International expects a hearing to be held next year on its $7.57 billion damage claim against Mitsubishi Heavy Industries Ltd. over the shutdown of a Southern California nuclear power plant. A confidentiality order in the case, being arbitrated by …
Mitsubishi Heavy Industries Ltd. said the operator of the San Onofre nuclear plant is claiming $7.57 billion in damages related to the shutdown of the California facility. The Tokyo-based company said in a filing that U.S. power generator Edison International …
